OG’s debt is bigger than anyone would have expected, according to their financial report: USD 3.3M
Back-to-back TI champions OG Esports are facing their biggest challenge yet in the shape of a millionaire debt. According to their latest financial statement, the organization declared a total loss of €2,919,146 (~$3,332,102) during 2024. The 32-page document doesn’t just reveal numbers—it tells the painful story of a Dota 2 powerhouse trying to stay afloat.
For longtime fans, it’s gutting. OG has long been one of the few stable orgs still rooted in Dota 2. It’s where Sébastien “Ceb” Debs wrote his comebacks. It’s the team that made people believe in the power of friendship.
In the report, OG points to “changes in game publisher support, league structures, and monetization models” as direct causes for their debt. It’s a veiled reference to Valve and the Dota 2 ecosystem. The disappearance of the Battle Pass, the inconsistent tournament circuit, and the lack of support for Tier 2 teams have left orgs footing massive player salaries without sustainable revenue in return.
OG has been operating at a loss for a while. In 2023, the team lost €832,473 (~$965,130). But, the jump to nearly €3M in 2024 is staggering. Some fans have questioned the decision to increase staff during a financial downturn. OG ended 2024 with 27 employees, two more than the year before.
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What are OG’s next steps to solve their debt?
OG is betting big on the APAC region. Their financial report repeatedly mentions a “strategic objective of unlocking the Chinese market.” That aligns with their expansion into mobile esports. They’ve already teamed up with Tencent to compete in Honor of Kings, placing Top 8 at EWC 2025. In Mobile Legends: Bang Bang, they’ve partnered with Selangor Red Giants to field a Malaysian team currently playing in the knockout stage.
Despite the mounting debt, OG’s gross profit did see a slight rise, from €788,248 in 2023 to €836,877 in 2024. But it's far from enough to offset their losses.
The organization has also made internal changes, hiring a Strategic Partnership Lead and a Regional Lead for China to explore more stable business opportunities outside of Dota 2. After failing to qualify for TI 2025, they released their LATAM squad but are still looking to remain active in European Tier 2.
We at esports.gg hope OG finds a way out of this rough patch. After all, they’re not just another team—they’re a symbol of Dota 2’s golden era.
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